Callaway Golf Co. (NYSE:ELY) reached a new 52-week high during trading on Thursday . The stock traded as high as $11.48 and last traded at $11.28, with a volume of 2,338,005 shares changing hands. The stock had previously closed at $10.58.

A number of research analysts have weighed in on the company. Jefferies Group reissued a “buy” rating and issued a $14.00 target price on shares of Callaway Golf in a report on Thursday, July 28th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Callaway Golf in a research note on Monday, May 16th. Zacks Investment Research raised Callaway Golf from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday, April 14th. TheStreet raised Callaway Golf from a “hold” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, Vetr raised Callaway Golf from a “buy” rating to a “strong-buy” rating and set a $12.50 price objective on the stock in a research note on Monday, June 13th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $12.41.

The stock has a market capitalization of $1.03 billion and a price-to-earnings ratio of 27.85. The firm’s 50-day moving average is $10.36 and its 200-day moving average is $9.43.

Callaway Golf (NYSE:ELY) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.06. The firm had revenue of $245.60 million for the quarter, compared to analysts’ expectations of $242.49 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. On average, equities analysts expect that Callaway Golf Co. will post $0.46 earnings per share for the current fiscal year.

Several hedge funds recently modified their holdings of the company. Nationwide Fund Advisors increased its stake in shares of Callaway Golf by 219.0% in the fourth quarter. Nationwide Fund Advisors now owns 237,455 shares of the company’s stock worth $2,237,000 after buying an additional 163,020 shares during the last quarter. I.G. Investment Management LTD. bought a new stake in shares of Callaway Golf during the fourth quarter worth approximately $1,386,000. Russell Frank Co increased its stake in shares of Callaway Golf by 52.0% in the fourth quarter. Russell Frank Co now owns 419,204 shares of the company’s stock worth $3,962,000 after buying an additional 143,338 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Callaway Golf during the fourth quarter worth approximately $1,070,000. Finally, Rhumbline Advisers increased its stake in shares of Callaway Golf by 5.5% in the fourth quarter. Rhumbline Advisers now owns 128,753 shares of the company’s stock worth $1,213,000 after buying an additional 6,705 shares during the last quarter.

Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Company’s trademarks and service marks and sales of pre-owned golf clubs.

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